Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly).
If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them.
Company Profile
Momentus Inc. is a commercial space company. The Company is focused on offering transportation and infrastructure services to help enable the commercialization of space. The Company’s services include satellite transportation, payload-hosting, on-orbit satellite refueling, on-orbit inspection, on-orbit satellite maintenance, de-orbiting, debris removal, and other satellite-to-satellite service offerings. The Company provides these services with Orbital Transfer Vehicles (OTVs) that it designs and manufactures. The Company is designing a space transportation service based on a hub-and-spoke model, which combines ride-share launch on a medium or large rocket with last-mile delivery using one of its h Orbital Service Vehicles (OSVs). The Company is focused on developing its OTV, Vigoride, which primarily operates in low earth orbit (LEO). The Company serves satellite operators, satellite manufacturers, satellite aggregators, launch providers, and others.
MNTS - Momentus Inc
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.